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Shanghai-Hong Kong Stock Connect
Shanghai-Hong Kong Stock Connect () is a cross-boundary investment channel that connects the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the other market using their local brokers and clearing houses. Chinese Premier Li Keqiang announced the programme on 10 April 2014. The scheme launched on 17 November 2014. History Mutual market access was raised as early as January 2013 when Charles Li, the chief executive of HKEx, announced it as an objective in the bourse’s three-year strategic plan. It was finally formally announced by Chinese Premier Li Keqiang at the Boao Forum in the Chinese province of Hainan on April 10, 2014. Premier Li said the move aims to promote two-way opening-up and healthy development of the capital market on the mainland and Hong Kong. "We will carry out a new round of opening-up at a high level," Li said, adding that an important part of this endeavor is to further open up ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's 3rd largest stock market by market capitalization at US$7.62 trillion . It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government, due to capital account controls exercised by the Chinese mainland authorities. In 1891, Shanghai founded China's first exchange system. The current stock exchange was re-established on November 26, 1990, and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC). History The formation of the Interna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Li Keqiang
Li Keqiang (born 1 July 1955) is a Chinese politician who is the outgoing premier of China. An economist by profession, Li is head of China's executive branch as well as one of the leading figures behind China's Financial and Economic Affairs, Foreign Affairs, National Security and Deepening Reforms. He was also the second-ranked member of the Politburo Standing Committee of the Chinese Communist Party (CCP), the ''de facto'' top decision-making body of the country from 2012 to 2022. Li is a major part of the " fifth generation of Chinese leadership" along with Xi Jinping, the CCP general secretary. Li rose through the ranks through his involvement in the Communist Youth League. From 1998 to 2004, Li served as the governor of Henan and the province's party secretary. From 2004 to 2007 he served as the Party Secretary of Liaoning, the top political office in the province. From 2008 to 2013, Li served as the first-ranked vice premier under then-premier Wen Jiabao, overse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Li Xiaojia
Charles Li Xiaojia, (; born 25 March 1961) is a Chinese banker. He was the Chief Executive of the Hong Kong Exchanges and Clearing Limited (HKEX) from 2010 to 2021. Biography Li was born in 1961 and was an offshore oil worker in the north China sea prior to college. He became a newspaper editor-reporter for the ''China Daily'' from 1984 to 1986 and obtained a bachelor's degree in journalism from the Xiamen University in 1984 before he studied at the University of Alabama in which he was graduated with a master's degree in 1988. In 1991, he obtained a Juris Doctor degree from Columbia Law School. After graduation, Li practiced law in New York with Davis Polk & Wardwell and Brown & Wood. He also began to work in the financial services sector, including in corporate and securities law practices, corporate finance and advisory services in New York, Mainland China and New York, and joined Merrill Lynch in 1994 and became president of Merrill Lynch China in 1999. He joined the JP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boao Forum
The Boao Forum for Asia (BFA; ), initiated by 25 Asian countries and Australia (increased to 28 in 2006), is a non-profit organisation that hosts high-level forums for leaders from government, business and academia in Asia and other continents to share their vision on the most pressing issues in this region and the world at large. BFA is modelled on the World Economic Forum held annually in Davos, Switzerland. Its fixed address is in Bo'ao, Hainan province, China, although the Secretariat is based in Beijing. The forum, sometimes known as the “Asian Davos”, takes its name from the town of Boao, located in China's southern Hainan province, which has been the permanent venue for its annual conference since 2002. The Forum is committed to promoting regional economic integration and bringing Asian countries even closer to their development goals. Initiated in 1998 by Fidel V. Ramos, former President of the Philippines, Bob Hawke, former Prime Minister of Australia, and Morihi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hainan
Hainan (, ; ) is the smallest and southernmost province of the People's Republic of China (PRC), consisting of various islands in the South China Sea. , the largest and most populous island in China,The island of Taiwan, which is slightly larger, is claimed but not controlled by the PRC. It is instead controlled by the Republic of China, a ''de facto'' separate country. makes up the vast majority (97%) of the province. The name means "south of the sea", reflecting the island's position south of the Qiongzhou Strait, which separates it from Leizhou Peninsula. The province has a land area of , of which Hainan the island is and the rest is over 200 islands scattered across three archipelagos: Zhongsha, Xisha and Nansha. It was part of Guangdong from 1950–88, after which it resumed as a top-tier entity and almost immediately made the largest Special Economic Zone by Deng Xiaoping as part of the then-ongoing Chinese economic reform program. Indigenous peoples like th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Futures Commission
The Securities and Futures Commission (SFC) of Hong Kong is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The SFC is responsible for fostering an orderly securities and futures markets, to protect investors and to help promote Hong Kong as an international financial centre and a key financial market in China. Even though it is considered to be a branch of the government, it is run independently under the authorisation of the laws relating to Securities and Futures. The head office is in One Island East in Quarry Bay. History The SFC was created in 1989 in response to the stock market crash of 1987. In 1997 following the Asian financial crisis, the regulatory framework was further improved. A comprehensive Securities and Futures Ordinance (SFO) was implemented in 2003, which expanded the SFC's regulatory functions and powers. Andrew Sheng served as chairman of the SFC from 1998 until 2005, when he was succeeded by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was passed December 1998, and became effective July 1, 1999. It is the nation's first comprehensive securities legislation, and grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation". The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for "illegal activities related to securities and futures"., note 1. The CSRC is empowered to issue opinions or "Guideline Opinions", which are not legally binding, as guidelines for publicly-traded corporations. Indicative of the role of the CSRC, China's highest court, the Suprem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UCITS
The Undertakings for Collective Investment in Transferable Securities Directive (UCITS2009/65/ECis a consolidated EU directive that allows collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state. EU member states are entitled to have additional regulatory requirements for the benefit of investors. Evolution The objective of Directive 85/611/EEC, adopted in 1985, was to allow for open-ended funds investing in transferable securities to be subject to the same regulation in every Member State. It was hoped that once such legislative uniformity was established throughout Europe, funds authorised in one Member State could be sold to the public in each Member State without further authorisation, thereby furthering the EU's goal of a single market for financial services in Europe. The reality differed somewhat from the expectation due primarily to individual marketing rules in each Member State that created obstacles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hang Seng Index
The Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. These 66 constituent companies represent about 58% of the capitalisation of the Hong Kong Stock Exchange. HSI was started on November 24, 1969, and is currently compiled and maintained by Hang Seng Indexes Company Limited, which is a wholly owned subsidiary of Hang Seng Bank, one of the largest banks registered and listed in Hong Kong in terms of market capitalisation. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as ''Hang Seng China Enterprises Index'', ''Hang Seng China AH Index Series'', '' Hang Seng China H-Financials Index'', ''Hang Seng Composite Index Series'', ''Hang Seng China A Industry Top Index'', ''Hang Sen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ChinaClear
China Securities Depository and Clearing Corporation Limited ( zh, 中国证券登记结算有限责任公司), in short CSDC or ChinaClear ( zh, 中国结算), is a central securities depository of China, based in Beijing, in responsible for all securities depository and clearing services for Shanghai and Shenzhen Stock Exchanges. It was set up on March 30, 2001. In September 2001, Shanghai Securities Central Depository and Clearing Corporation and Shenzhen Securities Depository Corporation, two corporations which were in responsible for depository and clearing services of Shanghai Stock Exchange and Shenzhen Stock Exchange, were merged into the CSDC. See also * ChinaBond * Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect Shenzhen-Hong Kong Stock Connect (SEHKSZSE) () is a cross-boundary investment channel that connects the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shenzhen-Hong Kong Stock Connect
Shenzhen-Hong Kong Stock Connect (SEHKSZSE) () is a cross-boundary investment channel that connects the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the other market using their local brokers and clearing houses. Chinese Premier Li Keqiang announced the programme on 16 August 2016. The scheme launched on 5 December 2016. History Two years after the launch of the Shanghai-Hong Kong trading link, a similar link was launched between the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, broadening the range of A-shares international investors can trade. References See also *Shanghai-Hong Kong Stock Connect Shanghai-Hong Kong Stock Connect () is a cross-boundary investment channel that connects the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the other market using th ... Shenzhen Stock Exchange Economy o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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